There's good news for those who do business at Jebel Ali Free Zone (JAFZA).
JAFZA has announced that it's waiving around AED 35 million in fines for its customers.
They'll also return cash and bank guarantees to clients through its new Workforce Protection Programme initiative that is set to be rolled out next September.
The move is expected to infuse AED 1.3 billion back into Dubai’s economy that companies can invest in their operations.
UAE, Ukraine conclude terms of trade pact
The UAE and Ukraine have concluded the terms of a Comprehensive Economic Partnership Agreement (CEPA).
Elon Musk visits China as Tesla seeks self-driving technology rollout
Tesla CEO Elon Musk arrived in Beijing on Sunday for a surprise visit, where he is expected to meet senior officials to discuss the rollout of Full Self-Driving (FSD) software and permission to transfer data overseas.
Abu Dhabi Airports welcomes 6.9 million passengers in three months
More than 6.9 million passengers travelled through the Abu Dhabi Airports' network during the first quarter of 2024, marking a 35.6 per cent surge compared to the same period last year.
ByteDance denies media report of plan to sell TikTok
ByteDance has no plan to sell TikTok, the company's official account said in a statement posted on Toutiao, a media platform owned by the China-based firm.
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